Lazard Asset Management LLC Cuts Stock Position in DoorDash, Inc. $DASH

Posted by Geri Gentry on Aug 6th, 2026

Lazard Asset Management LLC cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH – Free Report) by 63.3% in the first quarter, HoldingsChannel.com reports. The fund owned 4,756 shares of the company’s stock after selling 8,200 shares during the period. Lazard Asset Management LLC’s holdings in DoorDash were worth $714,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DASH. MV Capital Management Inc. purchased a new position in DoorDash in the 4th quarter valued at about $26,000. Sunbelt Securities Inc. raised its holdings in shares of DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after acquiring an additional 67 shares during the last quarter. Swiss RE Ltd. acquired a new position in shares of DoorDash during the fourth quarter valued at approximately $28,000. ST Germain D J Co. Inc. purchased a new position in shares of DoorDash in the fourth quarter valued at approximately $29,000. Finally, Morse Asset Management Inc purchased a new position in shares of DoorDash in the third quarter valued at approximately $36,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Moffett Nathanson set a $276.00 price target on DoorDash in a research report on Wednesday, April 15th. KeyCorp lowered their target price on shares of DoorDash from $280.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Wells Fargo & Company dropped their target price on shares of DoorDash from $200.00 to $199.00 and set an “equal weight” rating for the company in a report on Monday, July 6th. Guggenheim reiterated a “buy” rating and issued a $255.00 target price on shares of DoorDash in a research report on Tuesday, June 23rd. Finally, Stifel Nicolaus decreased their price target on shares of DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $252.72.

View Our Latest Report on DoorDash

DoorDash Price Performance

NASDAQ:DASH opened at $207.27 on Thursday. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The stock’s fifty day moving average is $178.38 and its two-hundred day moving average is $174.43. The company has a market capitalization of $90.31 billion, a P/E ratio of 98.70 and a beta of 1.78. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The business had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 earnings per share. Equities analysts expect that DoorDash, Inc. will post 2.38 EPS for the current year.

Insider Buying and Selling

In other news, CFO Ravi Inukonda sold 19,095 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $188.04, for a total value of $3,590,623.80. Following the sale, the chief financial officer directly owned 252,443 shares of the company’s stock, valued at approximately $47,469,381.72. The trade was a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $180.00, for a total transaction of $900,000.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 142,620 shares of company stock valued at $26,822,778 over the last three months. Company insiders own 5.28% of the company’s stock.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

Positive Sentiment: Second-quarter revenue rose 35.6% year over year to $4.45 billion, exceeding the $4.34 billion analyst consensus. DoorDash also reported continued growth in its marketplaces, membership programs and monthly active users, supporting the company’s expansion narrative. DoorDash Releases Second Quarter 2026 Financial Results
Positive Sentiment: UBS forecast substantial potential appreciation for DASH, reinforcing the view that the stock’s long-term growth prospects remain attractive. UBS Group Forecasts Strong Price Appreciation for DoorDash Stock
Positive Sentiment: DoorDash remains positioned to benefit from increasing interest in the gig economy, with analysts identifying DASH as one of the stocks to monitor alongside Uber and Etsy. Gig Economy Stocks to Monitor

DoorDash Profile

(Free Report)

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.